The Appellate Chamber of the Higher Anti-Corruption Court (AP VAKS) closed the proceedings on the complaint of the Agency for Investigation and Management of Assets (ARMA) regarding the ban on the sale of seized assets of Viktor Medvedchuk. Head of ARMA Olena Duma reported, that the agency plans to file a cassation appeal.
On July 12, 2022, the Pechersk District Court transferred Medvedchuk’s assets to the National Agency for implementation within the framework of criminal proceedings. According to the Duma, among the sold property there are already paintings, watches, cars and other assets. However, dozens of transfer deeds remain unsigned, and buyers who purchased assets through Prozorro have still not received them.
This situation arose due to the decision of the Central Administrative Court of Ukraine dated December 25, 2024, which prohibited the sale of Medvedchuk’s assets. Subsequently, on January 23, 2025, the court decided to close the proceedings in this case.
The meeting was attended by representatives of the Ministry of Justice, who appealed to the court to prohibit the sale of Medvedchuk’s property. The Ministry of Justice explained its position with two arguments: the first – assets could be sold or already sold at low, non-market prices; the second – the sale of assets may complicate the process of their nationalization in the future.
Olena Duma believes that Medvedchuk’s assets should be sold, because their value decreases over time. This would make it possible to direct the proceeds to the state budget, which supports the Defense Forces.
“At the same time, we are talking about the fact that prohibiting the sale of such assets in the future means blocking revenues to the budget and this means calling into question, in principle, the entire legal and anti-corruption system.” Duma noted.
ARMA is working on transferring assets to people who have already paid for them, but due to the decision of VAKS, this is currently impossible. Olena Duma reported that the agency plans to file a cassation appeal.
